Wayfair to exit Germany, cut 730 jobs

Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.
Wayfair Is Exiting Germany, Cutting 730 Jobs. The Stock Falls.
Wayfair stock fell Friday morning after the online furniture seller said it was shutting down its business in Germany and cutting a little over 700 jobs in a bid to focus on more profitable growth areas.
Wayfair pulling out of Germany, cutting hundreds more jobs
The cuts follow thousands of jobs eliminated across the online furniture seller worldwide over the past two years.
Online furniture retailer Wayfair to lay off 730 workers on its exit from Germany
Online furniture retailer Wayfair said on Friday it would lay off 730 employees as it exits the German market to focus on investments in core businesses.
Wayfair’s Strategic Exit from Germany: A Positive Step Towards Enhanced Profitability
In a report released yesterday, Simeon Gutman from Morgan Stanley maintained a Buy rating on Wayfair (W – Research Report), with a price target
Wayfair announces departure from German market
Wayfair announced on Friday that it was leaving the German market after 15 years, citing lagging sales compared to Britain and "weak macroeconomic conditions" in the country.
Wayfair to exit Germany, affecting 730 jobs
The retailer plans to reinvest the savings from the move into expanding its physical footprint, growing its loyalty program and other initiatives.
Wayfair Closes German Business to Focus on Other International Markets
Wayfair is exiting Germany, where it has operated for 15 years, after failing to turn the company “into a household brand” in the market.
Wayfair decides to exit the German market due to challenging conditions
Wayfair Inc. (NYSE:W) announced on Friday its decision to exit the German market. The online retailer said the pullout from Germany will be effective immediately. "Since Covid, and in particular over the past year,
Wayfair to leave German market, cut 730 jobs
The company said, “As we begin the new year, I want to share an update regarding our business. After careful consideration, we made the
Wayfair Waves Goodbye To Germany - Here's Why
Wayfair has decided to exit the German market. The company will now focus on its more established international markets, ...
Wayfair eyes physical retail as it slashes over 700 jobs
Budget-furniture seller Wayfair (W) is shifting its focus toward physical retail stores and North American markets as it cuts ...
Wayfair price target raised to $51 from $44 at BofA
BofA raised the firm’s price target on Wayfair (W) to $51 from $44 and keeps a Neutral rating on the shares. The firm notes that on Friday, ...